Spire issue now in hands of buyer and seller - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 13, 2019 Newswires
Share
Share
Post
Email

Spire issue now in hands of buyer and seller

Star Beacon (Ashtabula, OH)

Nov. 13--HARPERSFIELD TOWNSHIP -- The cards are all now in place for the sale of Spire Institute to move forward.

The Harpersfield Township Zoning Commission approved a request Nov. 6 for a conditional use to allow warehousing at the sports complex.

The request was filed by potential buyer Blue Ocean, a Baltimore-based real estate and investment management firm.

Blue Ocean did not respond to a request for comment.

Officials have said previously that the buyer has indicated that the track portion of the facility could be used for warehousing as a way to generate revenue to support the athletic portion on the complex, although there are no firm plans as of yet to do so.

If at some point in the future the potential buyer wants to utilize any portion of the Spire facility or property for warehousing, the matter would then need to come before the Zoning Board of Appeals with a full plan, officials said.

The Zoning Board of Appeals can then apply stipulations to such a plan.

Harpersfield Township Trustee Chairman Clifford Henry could not be reached for comment.

In November, county commissioners signed off on a Payment in Lieu of Taxes (PILOT) agreement that will see Clutter paying $3.9 million over the next 10 years to cover back and future taxes from 2010-2026.

Under the PILOT agreement RoniLee LLC makes an annual tax payment of $396,000 and Geneva schools receives the largest share of these payments at $197,000.

The potential buyer has said they intend to assume responsibilities under the PILOT agreement and a sports facility usage agreement with Geneva Local Schools, officials have said.

In March, Ron Clutter, whose Ronilee LLC currently owns the building and land that Spire occupies, announced that the building and land were for sale. At the time Clutter said a number of people around the country had expressed interest in the property.

A variety of local officials who spoke with the Star Beacon previously said they are supportive of the potential buyer and plans for the property.

Ric Selip, a member of the Spire Board, said with approval of the zoning change things are back on track in regards to a potential sale, but he did not have any additional details as to a timeframe.

County commissioner Casey Kozlowski said he recently spoke with both the potential buyer and the seller and it appears a sale could soon happen. There is not a date finalized, he said.

"Everything is now settled for them to move into the final step of closing on the sale," Kozlowski said.

"They are working on a few items and should close very soon."

___

(c)2019 the Star Beacon (Ashtabula, Ohio)

Visit the Star Beacon (Ashtabula, Ohio) at www.starbeacon.com

Distributed by Tribune Content Agency, LLC.

Older

What Is The Difference Between Liability And Full Coverage Car Insurance

Newer

Floridians Need To Prepare Homes For The Next Hurricane Season

Advisor News

  • What advisors need to know about the life settlement boom
  • Report: Many Americans paying up to 45% of annual income on auto loans
  • Latest state budget raises taxes on Californians, ignores voter priorities
  • What advisors and clients must know about Roth conversions
  • Worker retirement confidence dips to lowest level in a decade
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
More Annuity News

Health/Employee Benefits News

  • Largest Medicaid pediatric provider sues DeSantis administration over pay rates
  • Research Conducted at University Medical Center Munster Has Updated Our Knowledge about Transgender Health (Longitudinal Trends of Health Service Utilization for Gender Dysphoria In Germany Between 2010 and 2021 Based On Health Insurance Data): Health and Medicine – Transgender Health
  • Karnes County renews employee health insurance benefits
  • Fresno’s Community Health System and Blue Shield end stalemate, reach new agreement
  • Goliad council delays engineering decisions, approves employee health plan renewal
More Health/Employee Benefits News

Life Insurance News

  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
  • Avoid the ‘summertime slump:’ Strategies to remain productive
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
  • Royal Neighbors of America achieves record growth
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet